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Trading map for ZOOM / Our filters to develop setups.Today we will speak about the exact situation we are waiting for before developing bullish setups on ZOOM. Our trading philosophy is: Define the future situation you consider worth trading. Wait until that happens. Trade or Cancel the setup. What are we waiting for on ZOOM? 1)Wait for the breakout: We want to observe a clear bullish movement that breaks the current consolidation defined with the two yellow lines. 2)Wait for 5 - 10 days corrective pattern: After the breakout, we want to observe sideways movements on the edge or above the broken structure (yellow lines) with a duration between 5 to 10 days 3) Look for a 1:4 risk-reward ratio setup: Suppose the breakout and the sideways movement happens. We will be ready to trade that pattern. We want to be able to catch a 1 to 4 risk reward ratio setup AT LEAST. Why? Because that means that we are risking 1 dollar to make 4 dollars, and if we are right only 40% of the time on this setup, we are still extremely profitable. Also, once you have a clear breakout of a corrective pattern of this size, you tend to see bullish movements with similar proportions to the consolidation. Thanks for reading; we hope this content was useful!
NASDAQ:ZM
by ThinkingAntsOk
Analyzing the current situation on Disney (DIS)Today, we will take a look at the DIS chart: A) The price is above a broken ascending channel which tells us about a bullish trend that has been accelerating B) Finding Support on the cloned channel, we can see a clear corrective pattern (yellow lines) C) From a Technical Perspective, this type of structure after the breakout tends to show continuation movements as the previous impulse. D) The horizontal line is the activation level in which we consider our Analysis is active E) We are using Fibo extensions to get an idea of possible Targets F) The invalidation level is below the corrective structure.
NYSE:DIS
by ThinkingAntsOk
New Highs for Stocks! Can they Hold them??Stocks managed to eek out new all time highs yesterday but just barely. There was quite a lot of resistance at this level, and it will take significant momentum to puncture through and maintain the rally. Entering a long here would be the height of fomo. Waiting for a deep seems much more reasonable and we could see the S&P cross a vacuum zone below to 4144 or 4122. These would be better levels to buy for at least a mean reversion trade. Take note of the vacuum zone to 4073.
FX:SPX500Short
by quantguy
The breakout on AMZN may be about to happenToday, we will speak about AMZN. The price has been consolidating for 230 days. In general terms, the breakout in any direction of this type of pattern tends to be the beginning of a new trend for several days. What we are observing right now is a correction with clear edges on both sides. Our main view is that if we observe a bullish breakout on the confirmation level, we will expect a final target at 4746,95 / The intermediate target for the expected movement is the first Fibo extension at 4076,89 Assuming that the price makes a new ATH, we can draw an ascending channel where the higher trendline converges with the targets of the Fibo extension. Thanks for reading!
NASDAQ:AMZN
by ThinkingAntsOk
S&P Continues to RangeThe S&P is trending sideways, maintaining a fairly narrow range between 4122 and 4188. This is perfectly reasonable after such a rally last week. The Kovach OBV has been very strong but has leveled off to reflect the correction. Watch the boundaries of the range for momentum at open. Lack of momentum will suggest that the range will continue. If we break down, 4073 will provide support. We could also see support before then at 4096 from a Fibonacci level. If it breaks out, then 4214 is our next target.
FX:SPX500
by quantguy
2
Another Breakout for Stocks??Stocks have rejected our head and shoulders pattern from yesterday. This is why you wait until the second shoulder has fully formed to trade this pattern. The neckline, 4122, was the make-or-break point, and the S&P ended up getting a lift from this level to retrace almost to highs at 4188. We are seeing some resistance from a collection of relative highs at 4174. We are likely to form a sideways consolidation pattern like a bull flag or bull wedge before breaking out higher. Strong momentum at open could give us new highs, but 4188 will take some juice to pierce through. Watch 4122 for continued support if we retrace.
FX:SPX500Long
by quantguy
The way we are planning to trade TSLAIn this post, we will share all the details of the setup we are waiting for on TSLA. First of all, where this idea come from? (Check the link to related ideas to see the previous post) Here, you can check the main image that brings context to this situation s3.tradingview.com We can see a similar situation going on right now, like what happened in the past. What about the target? s3.tradingview.com We are using Fibo extensions to define the target of the macrostructure. In this case, the first one is around 1050.00 and the 2nd one around 1230.00 What about the setup? We think the structure is ready, and if the price reaches our Greenline, we will open positions with a stop loss on the horizontal red line. The break-Even level is the new ATH, and Targets can be the first and the second one explained before. Expected duration: 1 to 3 months Risk Management: We will be using 1% of our Capital on the stop loss.
NASDAQ:TSLA
by ThinkingAntsOk
1
Head and Shoulders forming in Stocks??Stocks stumbled yesterday, and broke down from our level at 4144. The S&P seems to be forming a new level around 4122, which is providing support at the moment. Observe that we may have a head and shoulders pattern forming, with a right shoulder potentially bounded by 4144, if we can't break through resistance there. If we can, we should be able reach 4188. After such an extended rally stocks were due for a correction and we are likely to at least see a sideways corrective wave before more momentum comes through. Further retracement is also reasonable, especially if our head and shoulders pattern forms. If so, inverse Fibonacci levels anchored about the span of the head shoulders range suggest we could dip to 4081, which is conspicuously close to one of our technical levels at 4073.
FX:SPX500
by quantguy
1
Short term setup on BABA (risky trade)Today we have a quick setup to share on BABA; in the title, we said it is a "Risky Trade" Why? Because the stop is super tight, and the volatility can trigger the setup and then go towards the stop loss in a matter of 4 to 5 candlesticks (even less, you never know) However, with all that said, let's take a look at this idea. a) The price is on a clear support zone, and we can see the next resistance zone at 270.00. That provides us a trading zone from 245 to 270. We want to be able to catch that bullish movement in case it happens. b) As you can see on the previous 2 green arrows, every time the price came from below that level, that support level worked as a lunch pad towards 270.00 c) Can we assume it will happen again? We don't have any clue at all. However, if we have, let's say, a 50% chance on this setup, we are risking 1 dollar to make 3 dollars. And that's a bet I would take 100 times. Even if the real chances are 30%, I will keep taking this setup with a risk/reward ratio of 3. d) Ok, with all that boring statistic explained, let's go to the planning. We will set Stop Limit orders at 245.23 / Our stop loss will be at 237.86 / Break-Even level is the horizontal yellow line (if the price reaches that level, we will move our stop loss to the entry-level (risk-free) / Take profit will be at 267.47 e) How much money will we set on this setup? THIS IS IMPORTANT: The reason most people blow their accounts is that they put at risk whatever "their hearts feel" (this is a bad idea). So, to answer the original question, we will be risking 1% of our Capital. Do you understand that? that means that we will keep having 99% of our Capital to trade if we fail miserably on this trade. Risk Management is critical, REALLY IMPORTANT! f) Finally, if the price does not reach our entry-level and goes below the stop level, we will automatically cancel the setup. And if we have a stop loss, nothing to say, that's part of trading, deal with that. g) EXPECTED TIME OF THE SETUP if everything goes as expected: 1 to 2 weeks Thanks for reading guys! Protect your capital
NYSE:BABA
by ThinkingAntsOk
28
Stocks Finally Dip!!Stocks retraced to exactly the level we predicted yesterday: 4144. We have been warning that they were starting to get overbought, so hopefully no one got caught in a fomo trade. Although we do seem to be getting a fair amount of support at this level, the rally in stocks has left several vacuum zones below so the downside risk is significant. The more aggressive may consider entering a long position at current levels, however if this level does not hold, we have a vacuum zone down to 4073. Even if we retraced to this level, stocks would be long term bullish. The Kovach OBV is still pretty strong, confirming the trend.
FX:SPX500Long
by quantguy
1
Cup & Handle Build-up. How will it goes for Hiap Teck?I've been following this stock for a while since its significant rally. From my analysis, the cup&handle pattern is currently near its completion at 90%. There are few reasons for me in publishing this idea. First, the sector for this company is steel and metal which are currently uptrending in KLSE. It's good choice for an investor to make a long term investment and a trader to make a short term profit. A counter which attractive to both groups are a good sign for its liquidity. Second, the background statistics of its financial which consist of its profits and revenue QoQ and YoY shows that it's strong enough and inevitably attracting many investors and traders who looking for some profits. Thirdly, this stock in a positive side of many indicators. As example, the trend currently above MA50/MA100/MA200 indicates that its generally uptrending. The other indicator is MACD. Even though it's crossed down, note that it's above 0. Shows that weak sell, retracement and probably will rebound in few days. Last indicator supporting this idea is its RSI. Currently at 51.93 which means it's in neutral area and it have more rooms for drastic growth and rally to higher price. As conclusion, this idea is based on my observation, knowledge and analysis. It's a prediction by considering a few factors from its fundamental and technical informations. There are no 100% success rate for every pattern even a pattern of a breakout new time high. However, an investor and a trader which have vast knowledge can manage their movement to maximize profits and minimize risk. Disclaimer: This is not a suggestion for purchase and buy actions. Trade and invest on your own risk. This only a shared idea and knowledge at the best platforms. Thank you
MYX:HIAPTEK
by muhammadaminmustaner
Update 2 : short update for CHZ short termChz have followed the path ive traced pretty much perfecly today i want to address the future of chz in the next few days . With the help of the retracement of fibonnaci and a beautiful pitchfork. We can see that CHZ have pierced the first big resistance and now have pretty much created a new support . Now will it continue it momentum after the bullish flag or will it slow down for a couple of days well both idea are possible to me ! Keep in mind english is not my force ! Heres my two previous idea in the long term !
Long
by rynstick
2